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Austria announces the new 2018 solar energy and energy storage incentive mechanism.
Apr 15, 2018

Austria's solar incentives will change next year: FIT will give priority to self-consuming projects; There will also be a nationwide energy storage incentive scheme starting in March. Next year, 8 million euros will be used to subsidize the pv system under the FIT scheme, which is between 5 and 200. The new FIT rate will be announced on January 9, when the application for the project will also be launched. The sequencing will be based on the project's self-consumption rate.

In addition, Austria will have another 15 million euros for solar energy and energy storage next year, of which $6 million will be used to promote energy storage and is scheduled to start in March next year. The government has no limits on the size of the energy storage capacity, but it is eligible for funding projects with a capacity ratio of between 0.5 and 10 KWH per kilowatt. The rebate of the pv system has also been determined.

Under the new scheme, only the specified proportion of power feed can be subsidized. The "extra" feed will be charged at market prices. Operators that rely on solar rebates and FIT must build photovoltaic systems within nine months of receiving funding, according to law.

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